EBK BASICS OF ENGINEERING ECONOMY
2nd Edition
ISBN: 8220102797123
Author: Blank
Publisher: YUZU
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Question
Chapter 1, Problem 40P
To determine
The number of years taken to triple the value at 20% per year simple interest.
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Chapter 1 Solutions
EBK BASICS OF ENGINEERING ECONOMY
Ch. 1 - Prob. 1PCh. 1 - Which of the following would be considered...Ch. 1 - Prob. 3PCh. 1 - Prob. 4PCh. 1 - Prob. 5PCh. 1 - Prob. 6PCh. 1 - Prob. 7PCh. 1 - Prob. 8PCh. 1 - Prob. 9PCh. 1 - What is meant by the term time value of money?
Ch. 1 - Prob. 11PCh. 1 - Of the fundamental dimensions length, mass, time,...Ch. 1 - Prob. 13PCh. 1 - When an interest rate statement does not include a...Ch. 1 - Prob. 15PCh. 1 - Prob. 16PCh. 1 - Prob. 17PCh. 1 - Prob. 18PCh. 1 - Prob. 19PCh. 1 - Prob. 20PCh. 1 - Prob. 21PCh. 1 - Prob. 22PCh. 1 - Prob. 23PCh. 1 - Prob. 24PCh. 1 - Prob. 25PCh. 1 - Prob. 26PCh. 1 - Prob. 27PCh. 1 - Prob. 28PCh. 1 - How many years does it take for an investment of...Ch. 1 - Prob. 30PCh. 1 - Prob. 31PCh. 1 - Prob. 32PCh. 1 - Prob. 33PCh. 1 - Prob. 34PCh. 1 - Prob. 35PCh. 1 - Prob. 36PCh. 1 - Prob. 37PCh. 1 - Prob. 38PCh. 1 - Prob. 39PCh. 1 - Prob. 40PCh. 1 - Prob. 41PCh. 1 - Prob. 42PCh. 1 - Prob. 43PCh. 1 - Prob. 44PCh. 1 - At 9% per year simple interest, 1000 is equivalent...Ch. 1 - Prob. 46PCh. 1 - Prob. 47PCh. 1 - Prob. 48PCh. 1 - Prob. 49PCh. 1 - Prob. 50PCh. 1 - Prob. 51PCh. 1 - Prob. 52PCh. 1 - Prob. 53PCh. 1 - Prob. 54PCh. 1 - Prob. 55PCh. 1 - Prob. 56PCh. 1 - Prob. 57PCh. 1 - Prob. 58PCh. 1 - Prob. 59PCh. 1 - Prob. 60PCh. 1 - Prob. 61PCh. 1 - Prob. 62PCh. 1 - Prob. 63PCh. 1 - Prob. 64PCh. 1 - Prob. 65PCh. 1 - Prob. 66PCh. 1 - Prob. 67PCh. 1 - Prob. 69APQCh. 1 - Prob. 70APQCh. 1 - Prob. 71APQCh. 1 - Prob. 72APQCh. 1 - An investment of 8,000 nine years ago has...Ch. 1 - Prob. 74APQCh. 1 - Prob. 75APQCh. 1 - Prob. 76APQCh. 1 - Prob. 77APQ
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Similar questions
- What is the future equivalent of $10000 invested for 4 1/4 years at 8% simple interest per year?arrow_forwardA friend tells you she has saved for 5 years and has a present sum of $15,000 , which earned at the rate of 8% per year compounded quarterly Determine the equivalent amount she had to start with 5 years ago.arrow_forwardAt what annual interest rate is $500 one year ago equivalent to $600 today?arrow_forward
- How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?arrow_forwardHow much money would a man have to deposit each year for 6 years starting 4 years from now if he wanted to have $12,000 eighteen years from now? Assume the interest rate is 12% per year.arrow_forwardWhat is the present equivalent of $20,000 to be received in 10 years when the interest rate is 5% per year?arrow_forward
- A deposit of $27521 now at an interest rate of 10% per year will accumulate in 10 years to an amount closest to?arrow_forwardA student deposits $1000 in a savings account that pays interest at the rate of 6% per year, compounded annually. If all the money is allowed to accumulate, how much will the student have after 12 years?arrow_forwardHow many years will it take for money to increase to three times the initial amount at an interest rate of 10% per year?arrow_forward
- What is the difference of the amount of P5000 3 years from now using ordinary simple and compound interest at 10% interest rate per year?arrow_forwardAn Industrial Engineer made a modification to a chip manufacturing process that will save the company $10,000 per year. At an interest rate of 8% per year, how much will the savings amount to in 7 years?arrow_forwardWhat nominal rate per month is equivalent to an effective 1.3% per month, compounded continuously?arrow_forward
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